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Andy Grove, the Hungarian emigre who -- along with Robert Noyce and Gordon Moore -- founded Intel and created the microprocessor industry, died Monday at 79. The cause of death was not revealed.
Grove's name was practically synonymous with Silicon Valley of the 1980s and '90s, and he has been called "The man who built Silicon Valley." In 1997, he was named Time magazine's Man of the Year for his role in "ushering in the digital revolution."
Then-CEO of Intel Andy Grove was named Time's Man of the Year in 1997. The magazine called him "the person most responsible for the amazing growth in the power and iovative potential of microchips."
TimeOutside of the Valley, people knew him for his sayings about business. These include, "Success breeds complacency. Complacency breeds failure." He also wrote a 1996 bestseller, "Only the Paranoid Survive," whose title became a mantra in the business community.
Grove's death was aounced by Intel.
"Andy made the impossible happen, time and again, and inspired generations of technologists, entrepreneurs, and business leaders," Intel CEO Brian Krzanich said in the statement.
Many of industry's heaviest hitters, including Apple CEO Tim Cook and venture capitalists Marc Andreesen and John Doerr immediately tweeted their tributes.
"Nothing I could say could capture what he meant to all of us. You just wanted to live up to his expectations-and I didn't work at Intel!," said Carol Bartz, former CEO of Yahoo and Autodesk. "Thank you Andy for keeping it real and honest!"
Bo in Budapest, Grove fled communist Hungary in 1956-1957. He later studied chemical engineering at City College of New York and received his Ph.D in 1963 from the University of Califoia at Berkeley. He went to work at Fairchild Semiconductor, where he worked with Moore and Noyce.
Noyce and Moore left Fairchild Semiconductor to found Intel in 1968. Grove was their first hire. He became Intel's president in 1979 and its CEO in 1987.
Grove was diagnosed with Parkinson's disease in 2000. Since then, he had contributed at least $26 million to its research, according to Inside Philanthropy.
He "played a critical role in the decision to move Intel's focus from memory chips to microprocessors and led the firm's transformation into a widely recognized consumer brand,'' the company said in the statement aouncing Grove's death.
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